If you have a solid team and some money set aside it's doable

Tax-Free Exchanges: While 1031 exchanges aren't available to SDIRAs, the tax deferral within the account means you can sell property and reinvest proceeds into new opportunities without immediate tax consequences.

If you are a partial owner of this land, I would not invest much or any money into it.

Save that down payment money you mentioned or go for a multi family at a higher price than the single but have rental income. 

I've learned a lot since then have become a private money lender and have done a lot of deals.

I ending up burning some money for the things you described (NAR membership, brokerage fees, quarterly MLS charges, etc), just a lot of things I found I wasn't getting any value from, I decided to simply put it on full stop and take a year to really reallocate and figure out what I needed to do.

Alternatively, I could explore hard money lenders.

Am I going to make money on it, is there a value you ad opportunity so that I can fix it up increase the rents and thus increase the value of the property.

Is there anything I can do to recoup any of that money or am I SOL?

-Explore builder-financing programs, private lenders, or hard money lenders who may focus more on the deal itself rather than personal experience.If you can demonstrate successful project management and a solid business plan, funding will become easier over time.